thwart real estate sales
New home sales will continue to be stagnate as developers struggle
sell new homes to the public. Aggressive advertising, incentives and
discounting seem to be attracting the new buyers but Hubbard Clause
Contingences are killing the deals. Buyers are facing the same
troubles as developers, they have to sell their homes first but
offers on their homes also include Hubbard Clause Contingences.
According to an article in the Wall Street Journal, home sales
jumped by 6.5% in December 2008. The majority of these sales were
due to lower real estate prices. The current movement in this market
is value price real estate. Value price real estate, which includes:
Foreclosures, probates and short sales is setting a bottom for the
real estate market.
The real estate market is finally finding a bottom, but donít expect
a surge in sales because there are too many negative market
conditions in place that are thwarting sales.